Maine real estate test - Study guides, Class notes & Summaries

Maine Real Estate Test Q%A 100% For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWER No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively eng...

For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real estate. D. An ...

Maine Real Estate test 2023 questions with correct answers

Maine Real Estate Sales Agent Course - Chapter 1 Review Practice Test 2024. What does the MREC stand for ? - correct answer Maine Real Estate Commission When was the MREC established and by what act? - correct answer Act of Maine Legislature in 1937 What is the policy/mission of the MREC? - correct answer supervise licensees "in a manner to ensure that they meet standards which will promote public understanding and confidence in the business of real estate brockerage" What are the si...

For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - No, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real estate. D. An ...

Maine Real Estate test 2023 questions and answers

MAINE REAL ESTATE TESTQUESTIONS & ANSWERS (2023/2024)(VERIFIED ANSWERS)

A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real estate. D. An attorney who assists a client with a real estate transaction. - Answer-A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. In Maine, when must a licensee furnish various documents, including copies of offers, counteroffers and all...

For what minimum period of time must a real estate brokerage agency retain copies of rejected offers and counteroffers? A. 1 year B. 2 years C. 3 years D. 5 years - ANSWERNo, rejected offers and counteroffers must be retained for 1 year. A designated broker in Maine is: A. Responsible for the brokerage activities of anyone in her real estate brokerage agency. B. Any licensee with an active Broker license. C. A former licensee who is not actively engaged in the practice of real ...

Maine - Real Estate Complete Test With Complete Solutions. Fixture - An object that has been attached to land so as to become real estate. An article of personal property which has been installed in or attached to land or a building thereon, in such a manner that it is now considered to be a part of the real estate. Improvements - Beneficial attachments to raw land that increase its value or improve its usefulness. Meridians - Imaginary north-south lines which intersect base lines to for...